According to Bijié Wǎng, Bitcoin stabilized near $87,500 during afternoon trading, with a 2% rise in the last 24 hours. Other cryptocurrencies like Ethereum and Solana also showed mild gains. Crypto-related stocks, including MicroStrategy and Coinbase, saw slight rebounds. Analysts noted cautious market sentiment as traders avoid new risks ahead of year-end. Vetle Lunde from K33 Research suggested that Bitcoin's underperformance compared to the S&P 500 by 26% this quarter may lead to increased inflows due to portfolio rebalancing.
Bitcoin Q4 Performance Lags Behind Stocks, Signals Positive Outlook for January
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Summary
Bitcoin stabilized near $87,500 in afternoon trading, with a 2% rise in the last 24 hours, according to Bijié Wǎng. TA for crypto shows Ethereum and Solana also gained slightly. Crypto-related stocks like MicroStrategy and Coinbase edged higher. Market sentiment remains cautious as traders avoid new risks before year-end. Vetle Lunde of K33 Research noted Bitcoin’s 26% underperformance versus the S&P 500 this quarter could attract inflows via portfolio rebalancing, offering potential trading signals for January.
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